Detached 10-party house in prime location in Solingen-Gräfrath

42653 Solingen-Gräfrath (Solingen) – Nordrhein-Westfalen

838.500 €

Room

532 m²

Living Area

961 m²

Property

Private offer

house

multi-family house

For sale is an attractive 10-family house, built in 1968 in solid solid construction. The property offers an interesting mix of living space, consisting of a compact, furnished basement apartment and nine further residential units, which are evenly distributed throughout the house (3 residential units per floor). An easily accessible attic offers partial usable space and is accessible via the communal staircase.

9 out of 10 apartments have the benefit of their own balcony, offering residents a private outdoor area for relaxation. The property also includes well-kept green spaces both in front of and behind the building, which provide a pleasant visual accent.

Each apartment has a separate cellar room, which enhances living comfort. A communal laundry area is available to all residents. For the parking situation, there are two in-house parking spaces with additional public parking nearby.

The property generates an annual rental income of € 48,768 when fully let, which corresponds to an attractive yield of approx. 5.8%.

With its well thought-out layout and excellent and popular location in Solingen - Gräfrath, this 10-family house is an attractive investment with long-term growth potential.

Are you interested in this house?

Object Number	OM-313914
Object Class	house
Object Type	multi-family house
Is occupied	Occupied
Handover from	by arrangement

Purchase price & additional costs

purchase price	838.500 €
Purchase additional costs	approx. 64,831 €
Total costs	approx. 903,330 €

Breakdown of Costs

Purchase price 838.500 €

Real estate transfer tax 54,503 € (6.50%)

Notary costs 6,831 € (0.81%)

Land register entry 3,498 € (0.42%)

Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 2,856€

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Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.11%

Details

Condition	well-kept
Number of floors	3
Bathrooms (number)	10
Bedrooms (number)	10
Number of parking lots	2
Flooring	laminate, carpet, vinyl / PVC
Heating	central heating
Year of construction	1968
Equipment	balcony, garden, basement, full bath, shower bath
Infrastructure	pharmacy, grocery discount, kindergarten, primary school, public transport

Location

Located in the north of the city of Solingen, Gräfrath borders the neighboring towns of Haan to the west and Wuppertal to the north and east. To the south is the Solingen borough of Mitte, and Gräfrath also forms an inner-city border with the borough of Wald to the west. The city boundary with Wuppertal is largely formed by the course of the River Wupper. The city border with Haan is partly formed by the Itter, which rises in the Heiligen Born in Gräfrath and flows into the Rhine at Düsseldorf-Benrath. Numerous other streams run through Gräfrath, such as the Nümmener or Holzer Bach.
Solingen's highest point is located in Gräfrath, near the former water tower and current light tower, at an altitude of 276 meters above sea level.